Thursday, December 2, 2010

Winter Park apartments sell for $4M - South Florida Business Journal:

http://aspectsinc.com/4_WinFdrs.html
ONIC Golden Oaks LLC acquired the Golden Oaks apartmentds from Golden Oaks AffordablePartnerzs Ltd. and Golden Oaks of Florida LP May 18, accordinb to Orange County Real Estate Investment Services Orlando agents Patrick Skinner andKevi Yaryan, along with Washington agents Armanr Tiberio, Robert Sheppard and Spencer Hurst, represented he while Tiberio, Sheppard and Hurst also representee ONIC Golden Oaks. Orlando Neighborhood secured a $3.
7 milliomn first mortgage through Seattle-based , a delegated underwritinhg andservicing lender, according to a news It also received $1 million in federal housing fundsd from the Orange County Housing and Communithy Development Division plus additional money from NeighborWorks/E-America, a networ of nonprofit organizations promoting homeownershiop and neighborhood revitalization, the releasd said. Orlando Neighborhood expects tospend $1 millio improving Golden Oaks, which was built in the release said. Lane Management LLC, the property management arm of Atlanta-baseed Lane Co., will handle leasing and properth management.
The Orlando Neighborhood Improvement is a nonprofit developer and owner of affordablreand mixed-income housing properties in Central Florida. The organization has developedor co-developed 2,592 housing units and has 1,2155 in its portfolio.

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